The US imported 1.5 million short tons (1.36 million tonnes) of steel in October, up 19.6% from a month earlier, reported by the American Iron and Steel Institute based on preliminary Census Bureau data.
Imports of finished steel reached 1.24 million short tons, up 6.6% month on month, data showed. South Korea was the largest finished steel source in October, which shipped 146,000 short tons to the US, up 17% month on month; imports from Japan rose 32% on the month to 78,000 short tons; shipments from Turkey, Germany and Brazil reached 68,000 short tons, 67,000 short tons and 34,000 short tons, respectively, up 943%, 32% and 5% from September.
In the first ten months, the US's steel imports totaled 19.15 million short tons, down 22.8% from a year ago, including 13.61 million short tons, which was 25.9% lower than the year-ago level.
Annualized total and finished steel imports in 2020 would be 23.0 and 16.3 million short tons, down 17.7% and 22.4%, respectively compared with 2019. Finished steel import market share was an estimated 18% both in October and over the first ten months of 2020.
(Writing by Alex Guo Editing by Harry Huo)
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